Enforcement

Enforcement

German Consumer Group Files Greenwashing Suit Against DWS

By Editors | 26/10/2022

The suit claims that DWS misrepresented a fund’s green credentials in marketing material. A hearing date is set for 10 March.

Enforcement

Australia: Hackers Accessed Data of 4m Customers, Medibank Admits

By Manesh Samtani | 26/10/2022

Medibank does not have cyber insurance, and is expected to face investor class actions, on top of lawsuits from angry customers and likely fines.

Enforcement

US Charges Chinese “Agents” for Obstructing Huawei Probe

By Editors | 26/10/2022

The two defendants are accused of trying to bribe a US official to obtain inside information about the criminal case against Huawei.

ESG / Sustainability

Texas, Arizona Lawsuits Target Big Bank Climate Pledges

By Editors | 26/10/2022

The lawsuits take aim at Goldman Sachs, JPMorgan Chase, Bank of America, Wells Fargo, Citigroup, and Morgan Stanley.

Enforcement

US Treasury Issues CFIUS Enforcement and Penalty Guidelines

By Editors | 26/10/2022

The guidelines describe three categories of conduct that may constitute a violation of foreign investment laws and regulations, and how penalties may be imposed.

Crypto / Digital Assets

ASIC Files Suit Over Misleading Claims by Crypto Firm

By Editors | 26/10/2022

ASIC said BPS Financial engaged in unlicensed conduct and made false, misleading or deceptive representations about a crypto token called Qoin.

Enforcement

Credit Suisse Clears Litigation Docket Ahead of Overhaul

By Editors | 25/10/2022

Credit Suisse has been cleared of FX rigging charges and settled separate cases with French and US prosecutors.

Enforcement

FCA Seeks £50m Penalty from Barclays for 2008 Deals

By Editors | 24/10/2022

Barclays did not disclose payments made to Qatari entities for their participation in two capital raisings during the GFC in 2008.

AML / KYC

Singapore Jails Former Bank Officer Over Shell Company Setups

By Editors | 24/10/2022

The former bank officer recruited nominee directors to set up shell companies and open bank accounts for use by unidentified individual based overseas.